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Romania’s trade balance posted a deficit of EUR15.3 billion in January-June 2022, EUR4.74 billion higher than in the same period of 2021, in line with data from the country’s statistics board INS.
SAP Romania, the local subsidiary of Germany’s business software solutions developer of the same name, ended 2021 with turnover worth above RON476.7 million (EUR96.8 million), over 10% higher than in 2020, when the company’s turnover dropped by more than 16%.
Ardealul Carei, one of the biggest vegetable oil producers controlled by local entrepreneurs, for 2021 reported turnover of around RON416.5 million (EUR84.6 million), up around 61% from the previous year, in line with ZF calculations based on Finance Ministry data.
Astra Vagoane Calatori, a major player on Romania’s rolling stock market, controlled by entrepreneur Valer Blidar, currently has 75 jobs available at its Arad plant.
Romanian company Top Seeds, a provider of integrated solutions for agriculture, is due to complete total investment of EUR4.7 million this year to acquire a farm and a grain warehouse, explained Oana Leahu, Top Seeds executive manager.
Romanian entrepreneur Cristian Erbasu has budgeted investments of above EUR50 million in the next three years in the businesses he owns in the fields of constructions, real estate and dairy production.
The Polisano Pharma SRL pharmacies held by Daniela Ioana Vonica and Valentina Bîrsan, were acquired by Marcos Provit, part of Evofarm Group, which operates in pharmaceutical distribution and retailing.
GreenGroup, a group of firms active in the recycling sector and majority owned by investment fund Abris Capital Partners, has acquired UAB Ecso, a Lithuanian LDPE (Low Density Polyethylene) recycling company.
Romania's tax administration ANAF collected RON179.9 billion in tax revenue in the first half of 2022, higher by RON33.7 billion (+23.1%) than RON146.2 billion in tax revenue collected in the first half of 2021, ANAF said in its activity report for the first year-half released on August 8.
Ascendis Group, a leading player on the training and consulting market in the field of professional development in Romania, ended the first six months of 2022 with a consolidated turnover of EUR4.25 million, up 80% from the same period in 2021.
TBI Bank and dental clinic chain Dr. Leahu have concluded a partnership for the “buy now, pay later” payment tool which enables consumers to split the total cost of any dental procedure into instalments with no interest or fees.
OTP Bank Romania on Monday said it increased the interest rates on 1- and 3-month term deposits in lei by 0.4% and 1.10%, reaching up to 5.10% and 6.10%, respectively.
The European Commission (EC) said on Monday (August 8) that it approved a EUR149 million Romanian scheme to support the production of renewable hydrogen.
Real estate developer Speedwell has sold 75% of the shares held in the MIRO office building in capital city Bucharest to Hili Properties, the real estate investment division of Malta’s Hili Ventures Group.
The Bucharest Stock Exchange (BSE) and Depozitarul Central continue the digital transformation efforts by launching the Investors Enrollment Platform with the help of its partners, Aurachain and eVOTE, in line with a statement released on Monday (August 8).
Romania’s modern office space stock has gone beyond 4.3 million square meters in the first half of this year, with 76% concentrated in Bucharest and is set to hit 4.7 million square meters in early 2023, up 9%, in line with a report by real estate consulting firm CBRE Romania.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, increased to 8.14% a year on Monday (August 8), higher by two basis points than the 8.12% level recorded on Friday (August 5), as per central bank data.
Simtel Team, a Romanian engineering and technology company, announced that on August 5, 2022, Pavel Holding, the investment vehicle owned by brothers Adrian and Dragos Paval of Dedeman, owned an 8.157% stake in the company’s total stock.
Sindan Pharma, part of Teva group, set up more than three decades ago in Bucharest, reported RON14.7 million profit in 2021, up 30% from 2020.
Softronic Craiova, Eastern Europe’s sole producer of electrical multiple units and locomotives, controlled by four Romanian entrepreneurs, ended the first half of this year with 49% higher turnover against the year-earlier period, according to the company’s officials.19080 items